GcNaif
Short

Short in the range of 0.77 - 0.778x area

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
230 8 6
Planning to short on Potential Gartley when the price reaches the rectangle area in chart.

Trade is based on:

a) Perfect Bearish Gartley .
b) confluence of 78XA and 127 CD
c) Trendline
d) solid Resistance near 0.77
I am a Chart Slave.Thank you TradingView and @nmike.
is there a source that teach us how to draw this gartley pattern?
Reply
GcNaif MOD phihoang0748
scott carneys book and watch videos on youtube and try to concentrate on structures while drawing the patterns,
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It's not Gartley. Gartley's B min requirement is 0.618. You only have 0.615. It's a Bat.
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GcNaif MOD Alexander_Nikitin
thanks Alex for your comment, i am fine with 0.003 difference . we cannot always get exact ratio , i take it if its close enough. me personally i consider BAT only if B is less than 38-55 XA
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Broker's price feed is bound to be distorted...compare it with the futures to be sure.
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NU didn't have a chance to get to the D zone, are we looking to short it or wait for it to get to the D zone?
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GcNaif MOD phihoang0748
yeah it did not , but reversed near the D area, so based on current PA it looks south
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Update: stopped out with +63 pips, will re enter short if given chance
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